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Govt hikes support to textiles infrastructure fund

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December 31, 2002 16:51 IST

The central government has revised its guidelines for the textiles centre infrastructure development scheme by hiking the central assistance component to 100 per cent from 50 per cent to widen its scope and speed up implementation of the scheme.

"The government has effected modification in the scope and funding pattern of TCIDS with a view to bring in urgency in implementation of the scheme," the textiles ministry said in its notification.

As per the notified revised guidelines, central assistance would now be available to the extent of 100 per cent of the critical component of the projects in respect of a common effluent plant, improving water supply and drainage facilities and construction of a creche building for apparel units.

Barring these components, all others would be funded on a 75:25 basis between the centre and the states.

The scheme, unveiled in March 2002, is targeted at improving infrastructure facilities at potential textile growth centres and removing bottlenecks in exports to achieve the $50 billion target by 2010 as envisaged in the national textile policy.

The scheme would cover all traditional textile centres like Tirupur, Coimbatore, Chennai, Karur, Bangalore, Delhi-Noida-Gurgaon, Bhilwara, Panipat, Ludhiana, Ahmedabad, Surat, Mumbai, Solapur and Baddi (Himachal Pradesh).

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